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CONSOLIDATED AND COMBINED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 29, 2019
Dec. 30, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Net sales $ 11,409,219 $ 10,937,784 $ 10,767,863
Cost of sales 10,338,825 10,094,308 9,296,249
Gross profit 1,070,394 843,476 1,471,614
Selling, general and administrative expense 379,910 343,025 389,517
Administrative restructuring activities (84) 4,765 9,775
Operating income 690,568 495,686 1,072,322
Interest expense, net of capitalized interest 132,630 162,812 107,183
Interest income (14,277) (13,811) (7,730)
Foreign currency transaction loss (gain) 6,917 17,160 (2,659)
Gain on bargain purchase (56,880) 0 0
Miscellaneous, net 4,633 (2,702) (6,538)
Income before income taxes 617,545 332,227 982,066
Income tax expense 161,009 85,423 263,899
Net income 456,536 246,804 718,167
Less: Net income from Granite Holdings Sàrl prior to acquisition by Pilgrim’s Pride Corporation 0 0 23,486
Less: Net income (loss) attributable to noncontrolling interest 612 (1,141) 102
Net income attributable to Pilgrim’s Pride Corporation $ 455,924 $ 247,945 $ 694,579
Weighted average shares of Pilgrim's Pride Corporation common stock outstanding:      
Basic (in shares) 249,401 248,945 248,738
Effect of dilutive common stock equivalents (in shares) 308 204 233
Diluted (in shares) 249,709 249,149 248,971
Net income attributable to Pilgrim's Pride Corporation per share of common stock outstanding:      
Basic (in dollars per share) $ 1.83 $ 1.00 $ 2.79
Diluted (in dollars per share) $ 1.83 $ 1.00 $ 2.79